The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-03-18
Che G,,tdligetrrer
once, Nos. 80 and 81 Fourteenth street.
u. Il o. PEOPLE.

D.. Il o. PEOPLE.
John W. Garrett mud Close Flsted Johns
Observation-Disclosures Money Power.
Philadelphia Prea. ~
The great Baltimore & Ohio deal 70.
wives tho memory Of two Of tho most re-
msrkable men that this country has ever
produced. One was John W. Carrot and
the other Johns Hopkins. Both are dead,
but the good they did lives after them,
while the bad seems 10 have boon inferred
with their bones. You, perhaps, remem.
Der John W. Garrett, n sturdy, dstermin.
cd, relentless man, with a%rbitrariness
! written In every line Of his face and with
aselt-conlldonce TINT never stepped back.
ward in any courae entered upon. 1t was
no who brought tho Baltimore 4 Ohio
Railroad from tho verge Of bankruptcy to
a condition OF fnancial Holidity, who ex.
tended lis lines till 1t became a tremen.
dous system. His business sense was in.
hetited. His father was ono Of tho mon.
eyed men Of the city. He received a good
education and graduated at Lafayette
College, in Pennsylvania. He entered
business In Baltimore, became a director
in tho Baltimore & Ohio road, and In
1858 was elected President on the issue OF
his opposition to political interference
with the roads management. Ho took
hold OF tho office with tho fixed purposo
Of An autocMt ind he held 1t 10 his death.
His word Was law, his will was tho rail.
roads policy. During the war, In the face
OF the plainly marked sentiment In Bal
tinore and Maryland, he gave his road to
the use Of the Union; he transported
hundreda Of thousands OF Federal sol.
diefs; no repaired burned brIdges, and he
received from President Lincoln and Sec.
reIary Stanton tho warmest praise for tho
assistance he bad given.
John ". GarfottB faith in the Balti.
more Il Ohio road was enormous, Agon.
tleman who had inherited much Balti.
more 4 Ohio stock concluded that 1t was
unwiEe to have 60 much invested in n Bin-
elo security, go he sold out.
ut would have been much better for
you," said John W. Garrett when next
they met, ITO have nold out everything
else yon own than to part with any OF
your Baltimore & Ohio atock."
CARROTS Galary as president was $l0,-
0G0. Tho directors offered repeatedly to
Increase 1t, but he declined. lie had nu.
merous offers 40 high as $50, 900 a year to
40 to other roads, but no never hesitated
TO refuse them. One reason, probably,
Was because his salary was a mere baga-
teile 10 him. He knew all the ms and
outs OF Baltimore Investments, and he
made money r pidly all tho time. It is
rather curious that never q share Of Bslti-
more Il Ohio stock was cold that he did
not know who sold it, and If the fellow
should happen TO be trying to work the
market hia punishment would be swift,
for pretty BOOT John W.. would run down
the prices, scare MIR. Speculation, and,
after gobbling up all the stockB at re-
duced rates, make q neat little profit BY
tho transaction. 1s
Like all autocrats, John W. Garrett ex-
acted the tribute due his station. To see
him go in the great Baltimore and Ohio
building was like witnessing the entry Of
some king. Obsequious attendants ga
laamed pro'nsFly, employees removed
their his A.93s H-lStl:jnE was hushed and
attention. 10 all hio employees he was
tho same dictatorial man. A story that is
related almost daily in Baltimore Is this:
A laborer went to Mr.. Garrett and with
tesrs complained that his wages were not
enough to support his family, even in the
scGntiest way.
"What l get don't aver pay for cur
bresd and butter" said the man.
swell, what Of that?" asked the Presi.
dent. "a man Of your station doesn't
need butter"
But Mr.. Garrett had many friends. He
was q FREQ givsr to charity and by his will
a revenue Of $4,000 Il year is get apart for
b~enevolence. The iund for this revenue
is the $4,000 shares OF the Baltimore and
Ohio stock which have been frequently
referred to in tho dispatches about the
deal.
Eighty years ago an awkward, ungainly
country boy was keeping store for bis
uncle in Anne Arundel county, about
forty miles from Baltimore. He was
shrewd and attentive. He made more
money out OF the store than his uncle had
ever done. When he was "a hiu uncle
asked him il he would like to 20 into bust.
ness for himself. He replied that he did
not have money enough. His uncle Of
fered to start him. The result was that
the young man took q warehouse near
that Of the uncle snh succeeded go well
that in 3 year or SO he wsB able to buy his
uncle out. His fortune grew rapidly. He
never misapplied 20 much as a cent.
Every penny was precious in his eyes.
Money.making became his mania; wealth
his one desire. On a certain occasion,
after much talk, he persuaded q man to
let him have a ftty.cent article for forty
cents. FI5
why is it," asked q friend, "that a
man OF your great wealth should want
to add a lew cents ike that to his for
tuner"
"The pleasure Of possession, sir; the
pleasure Of pcEseseion," was his reply.
This shrewd, stingy man was Johns
Hopkins, His b%uniuess foresight was al
moet an inspiration. ue never Loot
money in an investment. He saw the
future Of the Baltimore 4 Ohio road. He
bought largely o pitts stock. This brought
him in close relationship with John W.
Garrett. The two became firm friends.
They were tho 'noney powers Of -Balti-
more. SOS T.s
1t was moro than to anything else due
to John ". Garrett that Johns Hopkins
used his millions for the establishment OF
g university and hospital to bear his
name This benefaction is III many, if
not all, respects greater in amount and
results than any other muuiicence in the
history Of this country. To the nniyer.
sity he gave 1880 shares Of the common
stock OF the Baltimore 4 Ohio road and
his large estate at Clifton, just outside OF
the city limits, sn endowment worth
over s 5000, 900. To the hospital he gave
thirteen acres OF msgnifcently situated
ground on Broadway and bonds and
property worth $1,000, 600 more. The
hospital, on which g 100000 has already
finest building Of it's kind in the world.
It was the intention Of johns Hopkins
4. Jn,o}n ILn Trns,n.o,f1, - C.sfso,H H.,